News
American law firm recruits English insurance lawyers
International law firm Debevoise & Plimpton has recruited two English insurance transactional lawyers, Jeremy Hill and Vivienne de Chermont.
Industry handles second hurricane in US
Florida has taken the impact of a second hurricane which has caused extensive damage and flooding over coastal areas of the state although is now downgraded to a tropical storm as it moves further north. The State Emergency Operations Centre in Florida…
Chaucer agrees five-year claims deal
Lloyd’s motor insurer Chaucer Insurance has signed a five-year licence agreement for the Claims Outcome AdvisorTM product from Insurance Services Office.
Belmont and Bishop create largest independent broker in Kent
Belmont Insurance Holdings, parent company of Belmont International brokers, has acquired Bishops, creating what it claims is the largest independent insurance broker in Kent, controlling over £60m worth of premium income.
Product post filled at Folgate
The Folgate Partnership has appointed Lawrence O’Keeffe as product development manager.
Scor planning to move forward
Following their consolidation over the last few years Scor have set out two key objectives for their three year ‘Moving Forward’ plan (2004-7). They are looking to provide clients with an “A” level of security over this period and they also want to…
Primary Insurers hit hardest by US Hurricane says Fitch
International rating agency, Fitch Ratings, has said the damage caused by Hurricane Frances is likely to be a material loss to the insurance industry and a major loss to primary insurance companies.
Japan prepares for Typhoon Songda
Kyushu, the southernmost main island of Japan, is bracing itself for the arrival of Typhoon Songda early on Tuesday.
Aspen UK adds aviation team
Aspen Insurance Holdings says its subsidiary Aspen Insurance UK is to start an aviation insurance account from 2005. Aspen’s aviation team will be led by Nick Bonnar, responsible for Aspen’s London Market Speciality lines, and will join the marine…
DTI planning to shut down liability firm after investigation
The Secretary of State for Trade and Industry has presented a petition in the High Court to wind up in the public interest Chafford Insurance Consultants Limited following investigations by the DTI’s Companies Investigations Branch.
RSA launches mid-size commercial proposition
Royal and Sun Alliance’s commercial division has launched a new broker proposition targeted at those bringing in up to £250 000 of premium income.
Converium completes $420m capital raising
Converium has reached agreement with a syndicate of banks on underwriting a capital increase of CHF 533 million (approximately $420 million), subject to conditions. Credit Suisse First Boston and JP Morgan are leading the underwriting. The capital…
Florida braces for Frances
Florida is getting ready for the arrival of Hurricane Frances, the second major hurricane to impact the State in the space of a month.
Chubb to re-launch mid-market commercial package
Chubb Insurance has upgraded its packaged commercial product, including eight additional covers offered free to most customers.
IRM unveils exhibition plans
The Institute of Risk Management has unveiled the first details of its inaugural education exhibitio...
PMI tops the perks list
Private medical insurance is seen as a better perk than a company car or a pension, according to a s...
Time to test yourself
A selection of questions from various past-CII qualification papers. Whether studying for Chartered Insurance Institute exams or just want to test yourself, see how you do
Practical advice
Careers Clinic
First Assist lauds council
Health insurer First Assist has applauded York City Council for becoming the first UK public body to...
Miller opens Hong Kong office
Miller has opened an office in Hong Kong - Miller Insurance Services (Hong Kong) - in support of its new business drive in Northern Asia and Greater China.
S&P revises outlook on Tokio Millennium Re
Standard & Poor's (S&P) has revised its outlook on Tokio Millennium Re (TMRe) from negative to stable.
Experian acquires risk modelling supplier
Intermediary Systems Limited, the risk modelling and analytics company for the insurance industry, has been acquired by Experian, for an undisclosed fee.
Lloyd’s broker GAL sets ambitious targets following acquisition
A consortium led by Brian Fuller and Andrew Graham has successfully completed the acquisition of the Lloyd’s wholesale broker Griffiths & Armour, from its former owner Griffiths & Armour Holdings, and plans to achieve £100m in premiums by 2006.
St Paul Travelers announces Charley losses
St. Paul Travelers has announced that it estimates losses from Hurricane Charley to be approximately $140m, after tax and reinsurance.